British Land (OTCMKTS:BTLCY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of British Land Company PLC (OTCMKTS:BTLCY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.60 and traded as low as $4.42. British Land shares last traded at $4.48, with a volume of 61,989 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BTLCY. The Goldman Sachs Group raised British Land from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded British Land from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

British Land Stock Performance

The business’s 50-day moving average is $4.60 and its two-hundred day moving average is $5.19.

British Land Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.109 per share. The ex-dividend date of this dividend is Friday, December 6th. This is a positive change from British Land’s previous dividend of $0.10.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.